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| 12:39 AM | ||
| Users Online Now: 1,776 (Who's On?) | Visitors Today: 63,708 | |
| Pageviews Today: 83,644 | Threads Today: 25 | Posts Today: 334 |
| 12:39 AM | ||
UPDATE: Fed owns 31.6% of Treasury market, up from 31.4% last week!!! | |
Saddletramp  User ID: 740874  Puerto Rico08/21/2013 10:08 AM Report Abusive Post Report Copyright Violation | Mubarak said he would buy Treasuries, maybe that's why they let him out last night... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 4486811  United States08/21/2013 10:08 AM Report Abusive Post Report Copyright Violation | They're out of capital, had to call in reserves yesterday... The gig is almost up! dude, we expect you to make the call before 2 weeks. do not make the call the day people change into flesh eating zombies and expect praise around here. we pay you to make the 2 week notice say we can take appropriate action. Greg M. still has more points than you right now on Youtube, so... Well I want to see what comes of the Jackson Hole meeting, and the meeting between Obama, Ben Bernanke, and all of the Regulatory Heads yesterday before I jump off the cliff... Let's see if they're going to try and buy another month or two, or if this is it... My thoughts exactly.  |
| Anonymous Coward User ID: 31894440  Australia08/21/2013 10:08 AM Report Abusive Post Report Copyright Violation | Scuttlebutt is that the reason Obama was meeting with all of the Regulatory Heads and Ben Bernanke yesterday was because the Fed is broke, and so is the Treasury (debt ceiling), so it's fixing to be a firesale on U.S. Treasury Bonds!!! Quoting: Saddletramp Collapse is at the doorstep... Watching 10 Yr and Japan, waiting to make the call... How can the fed be broke theoretically their reserves are infinate,by the same token after 27 trillion all they've achieved are zombie markets. |
| Anonymous Coward User ID: 45514418 United States08/21/2013 10:10 AM Report Abusive Post Report Copyright Violation | They're out of capital, had to call in reserves yesterday... The gig is almost up! dude, we expect you to make the call before 2 weeks. do not make the call the day people change into flesh eating zombies and expect praise around here. we pay you to make the 2 week notice say we can take appropriate action. Greg M. still has more points than you right now on Youtube, so... Well I want to see what comes of the Jackson Hole meeting, and the meeting between Obama, Ben Bernanke, and all of the Regulatory Heads yesterday before I jump off the cliff... Let's see if they're going to try and buy another month or two, or if this is it... what's your plan in general? Are you staying in country, or leaving? |
| Anonymous Coward User ID: 1667343 United States08/21/2013 10:10 AM Report Abusive Post Report Copyright Violation | So they are selling like hotcakes because people are snatching them up because we're officially broke? I don't understand - if we're about to be 'officially broke' woudln't they be SELLING them as fast as they can? 'splain please, for us non-business majors? |
| Anonymous Coward User ID: 1443823 United States08/21/2013 10:11 AM Report Abusive Post Report Copyright Violation | Scuttlebutt is that the reason Obama was meeting with all of the Regulatory Heads and Ben Bernanke yesterday was because the Fed is broke, and so is the Treasury (debt ceiling), so it's fixing to be a firesale on U.S. Treasury Bonds!!! Quoting: Saddletramp Collapse is at the doorstep... Watching 10 Yr and Japan, waiting to make the call... How can the fed be broke theoretically their reserves are infinate,by the same token after 27 trillion all they've achieved are zombie markets. kind of what my thoughts were... Please explain ST |
| Anonymous Coward (OP) User ID: 45509309  Portugal08/21/2013 10:11 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 10:12 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge 44 s And the other NAR headline from Dec 2011: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 zerohedge ‏@zerohedge 1 min Regarding the NAR's accuracy, the December 2011 headline: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN zerohedge ‏@zerohedge 4 min NAR's existing home sales self-reporting: 5.29MM, Exp. 5.15MM. |
| Hard Eight User ID: 35278639 United States08/21/2013 10:13 AM Report Abusive Post Report Copyright Violation | Maybe prepping for Jackson Hole. Texas has yet to learn submission to any oppression, come from what source it may. Sam Houston "The beauty of the Second Amendment is that it will not be needed until they try to take it." Thomas Jefferson If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
| Anonymous Coward User ID: 45514418 United States08/21/2013 10:16 AM Report Abusive Post Report Copyright Violation | stop! he had one mishap with the credit report deal, we bashed him and now forgiven him. He contributes reliable information here, so back the fuck up. We need intel from all directions, especially from economic as that seems to be the best indicator right now. |
| Anonymous Coward User ID: 45511362 United States08/21/2013 10:18 AM Report Abusive Post Report Copyright Violation | stop! he had one mishap with the credit report deal, we bashed him and now forgiven him. He contributes reliable information here, so back the fuck up. We need intel from all directions, especially from economic as that seems to be the best indicator right now. |
| Anonymous Coward User ID: 45511560 United States08/21/2013 10:19 AM Report Abusive Post Report Copyright Violation | So they are selling like hotcakes because people are snatching them up because we're officially broke? Quoting: tandym I don't understand - if we're about to be 'officially broke' woudln't they be SELLING them as fast as they can? 'splain please, for us non-business majors? The HOLDERS of the bonds are selling (dumping). They're getting the fuck rid of them. It's the FED that has to be buying. Not good. |
| Anonymous Coward User ID: 44710576 United States08/21/2013 10:21 AM Report Abusive Post Report Copyright Violation | So they are selling like hotcakes because people are snatching them up because we're officially broke? Quoting: tandym I don't understand - if we're about to be 'officially broke' woudln't they be SELLING them as fast as they can? 'splain please, for us non-business majors? The HOLDERS of the bonds are selling (dumping). They're getting the fuck rid of them. It's the FED that has to be buying. Not good. MF Global = Mother fucked globally... |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 10:21 AM Report Abusive Post Report Copyright Violation | They're out of capital, had to call in reserves yesterday... The gig is almost up! I missed the post about the Fed calling in reserves. What was the source of that news? zerohedge ‏@zerohedge 9 min U.S. FED DRAINING TEMPORARY RESERVES FROM BANKING SYSTEM VIA 1-DAY REVERSE REPO-NY FED "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 10:22 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 10:23 AM Report Abusive Post Report Copyright Violation | Nasdaq /quotes/zigman/12633936 3,611 -3 0.07% S&P 500 /quotes/zigman/3870025 1,647 -5 0.32% GlobalDow /quotes/zigman/629063 2,215 -10 0.43% Gold /quotes/zigman/662680 1,363 -10 0.70% Oil /quotes/zigman/2291787 104.91 -0.17 0.16% |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 10:23 AM Report Abusive Post Report Copyright Violation | ... Quoting: Saddletramp They're out of capital, had to call in reserves yesterday... The gig is almost up! dude, we expect you to make the call before 2 weeks. do not make the call the day people change into flesh eating zombies and expect praise around here. we pay you to make the 2 week notice say we can take appropriate action. Greg M. still has more points than you right now on Youtube, so... Well I want to see what comes of the Jackson Hole meeting, and the meeting between Obama, Ben Bernanke, and all of the Regulatory Heads yesterday before I jump off the cliff... Let's see if they're going to try and buy another month or two, or if this is it... what's your plan in general? Are you staying in country, or leaving? I'm not going anywhere...my bugout is my ranch! In DHS terms...Bugout In Place!!! "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 26745463  Canada08/21/2013 10:24 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1667343 United States08/21/2013 10:24 AM Report Abusive Post Report Copyright Violation | So they are selling like hotcakes because people are snatching them up because we're officially broke? Quoting: tandym I don't understand - if we're about to be 'officially broke' woudln't they be SELLING them as fast as they can? 'splain please, for us non-business majors? The HOLDERS of the bonds are selling (dumping). They're getting the fuck rid of them. It's the FED that has to be buying. Not good. Ok, that makes sense. However, it doesn't make sense why the price would be rising if the Fed is the only one buying. Instead the price would fall, right? As people unloaded for as cheaply as possible? |
| dawnie User ID: 44410392 United States08/21/2013 10:31 AM Report Abusive Post Report Copyright Violation | They're out of capital, had to call in reserves yesterday... The gig is almost up! I missed the post about the Fed calling in reserves. What was the source of that news? zerohedge ‏@zerohedge 9 min U.S. FED DRAINING TEMPORARY RESERVES FROM BANKING SYSTEM VIA 1-DAY REVERSE REPO-NY FED Thanks. Looks like they're running out of "duct tape"! I don't see why they don't just let it happen. They surely know its going to come apart eventually. A flag flown upside down is a symbol of a country in distress. As a result of the many traitors and enemies inside our own government and the many unconstitutional acts, legislation and atrocities passed and/or committed against our lives, liberty and property, as well as a reckless foreign policy meant to enrich and empower an already wealthy group of 'elites' while wreaking havoc around the globe and committing atrocities against large numbers of innocent peoples in the name of 'spreading democracy', the United States is no longer a free country and the lives of its citizens as well as the lives of our brothers and sisters around the globe, are in dire danger and distress. |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 10:31 AM Report Abusive Post Report Copyright Violation | Scuttlebutt is that the reason Obama was meeting with all of the Regulatory Heads and Ben Bernanke yesterday was because the Fed is broke, and so is the Treasury (debt ceiling), so it's fixing to be a firesale on U.S. Treasury Bonds!!! Quoting: Saddletramp Collapse is at the doorstep... Watching 10 Yr and Japan, waiting to make the call... How can the fed be broke theoretically their reserves are infinate,by the same token after 27 trillion all they've achieved are zombie markets. kind of what my thoughts were... Please explain ST Well the Fed does operate off of a balance sheet, though they do NOT use Mark to Market Accounting like other banks. The problem is, they own over 2 Trillion in long term Treasury bonds, now as long as the value of these bonds holds or goes up, their capital either stays the same or goes up with appreciation of value of assets. But if these bonds go down in value (which they have dramatically) the Fed loses capital because the liabilities begin to outweigh the value of the assets on their balance sheet... Under current law, the Fed would transfer these losses of capital to the Treasury in the form of Negative Interest (whatever the fuck that is), but they can't right now, because the Treasury is tapped out and up against the debt ceiling, hell they're stealing the equity out of Government Pensions just to stay afloat even as we speak! So here's the problem, the Fed can only print electronic money out of thin air if 1.) They use their capital to do it, or 2.) A treasury bond obligating the U.S. Taxpayer is issued to do it... But the Feds Capital is thin at best, and the Treasury is broke, so now what?!?!? It's getting very tight at the Fed right now... Last Edited by Saddletramp on 08/21/2013 10:35 AM "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward User ID: 45514418 United States08/21/2013 10:35 AM Report Abusive Post Report Copyright Violation | Scuttlebutt is that the reason Obama was meeting with all of the Regulatory Heads and Ben Bernanke yesterday was because the Fed is broke, and so is the Treasury (debt ceiling), so it's fixing to be a firesale on U.S. Treasury Bonds!!! Quoting: Saddletramp Collapse is at the doorstep... Watching 10 Yr and Japan, waiting to make the call... How can the fed be broke theoretically their reserves are infinate,by the same token after 27 trillion all they've achieved are zombie markets. kind of what my thoughts were... Please explain ST Well the Fed does operate off of a balance sheet, though they do NOT use Mark to Market Accounting like other banks. The problem is, they own over 2 Trillion in long term Treasury bonds, now as long as the value of these bonds holds or goes up, their capital either stays the same or goes up with appreciation of value of assets. But if these bonds go down in value (which they have dramatically) the Fed loses capital because the liabilities begin to outweigh the value of the assets on their balance sheet... Under current law, the Fed would transfer these losses of capital to the Treasury in the form of Negative Interest (whatever the fuck that is), but they can't right now, because the Treasury is tapped out and up against the debt ceiling, hell they're stealing the equity out of Government Pensions just to stay afloat even as we speak! So here's the problem, the Fed can only print electronic money out of thin air if 1.) They use their capital to do it, or 2.) A treasury bond obligating the U.S. Taxpayer is issued to do it... It's getting very tight at the Fed right now... was the Australian story true? about the govt there trading social security numbers on the stock market? if so, is the US doing the same and putting the people up as leverage to the Chinese? so they can march in here and seize property and people, like modern day carpet baggers? |
| Anonymous Coward User ID: 45514418 United States08/21/2013 10:35 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 10:36 AM Report Abusive Post Report Copyright Violation | U.S. 10yr /quotes/zigman/15866666 2.85 +0.03 1.17% German 10y /quotes/zigman/15866409 1.88 +0.03 1.85% Italy 10yr /quotes/zigman/15866497 4.37 +0.06 1.41% Spain 10yr /quotes/zigman/15866444 4.52 +0.05 1.08% U.K. 10yr /quotes/zigman/15866328 2.72 +0.04 1.57% Japan 10yr /quotes/zigman/15866525 0.73 -0.02 2.01% |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 10:39 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 31894440 How can the fed be broke theoretically their reserves are infinate,by the same token after 27 trillion all they've achieved are zombie markets. kind of what my thoughts were... Please explain ST Well the Fed does operate off of a balance sheet, though they do NOT use Mark to Market Accounting like other banks. The problem is, they own over 2 Trillion in long term Treasury bonds, now as long as the value of these bonds holds or goes up, their capital either stays the same or goes up with appreciation of value of assets. But if these bonds go down in value (which they have dramatically) the Fed loses capital because the liabilities begin to outweigh the value of the assets on their balance sheet... Under current law, the Fed would transfer these losses of capital to the Treasury in the form of Negative Interest (whatever the fuck that is), but they can't right now, because the Treasury is tapped out and up against the debt ceiling, hell they're stealing the equity out of Government Pensions just to stay afloat even as we speak! So here's the problem, the Fed can only print electronic money out of thin air if 1.) They use their capital to do it, or 2.) A treasury bond obligating the U.S. Taxpayer is issued to do it... It's getting very tight at the Fed right now... was the Australian story true? about the govt there trading social security numbers on the stock market? if so, is the US doing the same and putting the people up as leverage to the Chinese? so they can march in here and seize property and people, like modern day carpet baggers? I guess if the people let them they can... Right now the Federal Reserve is the biggest mortgage holder in the United States as well as the biggest holder of U.S. Treasury Bonds... So I suppose the Fed could start calling mortgages they own through Mortgage Back Securities they've purchased from the banks... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 10:40 AM Report Abusive Post Report Copyright Violation | |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 10:55 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge 1 min Quoting: Luisport DOE Crude Oil Inventories: -1.428MM, Exp. -1.5MM Another sign of economic weakness... Nobody drove anywhere this summer, unleaded supplies were in a glut... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Hard Eight User ID: 35278639 United States08/21/2013 10:55 AM Report Abusive Post Report Copyright Violation | We’re headed for a bond train wreck As the world awaits minutes from the Federal Reserve Bank’s Open Market Committee meeting, one fund manager says The Federal Reserve Bank has lost control of the bond market. And, he says one of the biggest assumptions the world markets have been making may be entirely wrong. The Fed can no longer control the bond market but the markets aren’t aware of that yet. In his most recent Talking Numbers interview, Fleckenstein says there will be one definite signal to the world that the Fed has lost control and that has to do with its ability to taper quantitative easing – if it can happen any time soon. And, Fleckenstein isn’t so sure it can. More + vid: [link to finance.yahoo.com] Last Edited by Hard Eight on 08/21/2013 10:56 AM Texas has yet to learn submission to any oppression, come from what source it may. Sam Houston "The beauty of the Second Amendment is that it will not be needed until they try to take it." Thomas Jefferson If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed. -- Mark Twain Giving money and power to government is like giving whiskey and keys to teenage boys. -- P.J. O'Rourke, Civil Libertarian |
| Saddletramp User ID: 740874 Puerto Rico08/21/2013 11:01 AM Report Abusive Post Report Copyright Violation | We’re headed for a bond train wreck Quoting: Hard Eight As the world awaits minutes from the Federal Reserve Bank’s Open Market Committee meeting, one fund manager says The Federal Reserve Bank has lost control of the bond market. And, he says one of the biggest assumptions the world markets have been making may be entirely wrong. The Fed can no longer control the bond market but the markets aren’t aware of that yet. In his most recent Talking Numbers interview, Fleckenstein says there will be one definite signal to the world that the Fed has lost control and that has to do with its ability to taper quantitative easing – if it can happen any time soon. And, Fleckenstein isn’t so sure it can. More + vid: [link to finance.yahoo.com] Yeah overall sentiment is that the Fed will taper in Sept, if they're not already tapering as evidenced by the rise in interest rates, but some bond traders have begun having doubts that they can... Wishful thinking on the part of the bond traders! The jigg is up for QE, the Fed may never come out and say they're stopping it, but it will be evidenced on their balance sheets soon... They money is drying up...everyone is broke! Last Edited by Saddletramp on 08/21/2013 11:03 AM "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
| Anonymous Coward (OP) User ID: 45509309 Portugal08/21/2013 11:02 AM Report Abusive Post Report Copyright Violation | |
